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MarketsWorld Overview

MarketsWorld
MarketsWorld
Bonus: up to $100%
Options Profability : 70-95%
Rating: 6.4 / 10

Basics

Broker Name: MarketsWorld
Platform: MarketsWorld
Founded: 2011
Bonus: up to $100%
Return/Refund: 70-95%/0%
US Traders Accepted: Yes
More MarketsWorld Basic Information

Features

No. Of Assests : 16
Regulated : No
Demo Account : Yes
Deposit Options : C.C., WireTransfer, MoneyBookers, and more
Language : English Only
Minimum Deposit : 20

Screenshots

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Review Last Updated 2013-09-13 17:34:37

Editor’s Note – Why does MarketsWorld Suck?

Their style is…amazing. Amazingly close to a casino. Yeah, I can feel the glamour immediately after entering the website and they hit me with all the “big guns”: I am shown the picture of a yacht, a supercar, a fancy limo in front of a red carpet (they forgot to show paparazzi around the limo) and of course, a glitter-ish girl. They couldn’t forget about the girl picture; after all, all the things a man-trader wants are there and that model is an important part of their marketing I guess. Let’s face it, most traders are in this business because they want money to buy all the things in those pictures and get a girl like that (probably paid for)…yea, but I don’t want to try to make all that money by gambling or with a broker that looks like a casino because… the house always wins.

 

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Why  MarketsWorld doesn’t Suck?

To be honest, I’ve been pleasantly surprised to find out they offer a Demo account. A real Demo account; and I can gain access to it by registering with just my name, a password and an e-mail (that e-mail doesn’t even need to be a real one). All brokers seem to be afraid to offer a Demo account and why they are so afraid of that is beyond my comprehension. Think about this: I go into a clothes store, I like a $200 jacket and I decide to try it on before buying it. Now, if the shop assistant would tell me that I have to give him $200 before I can try it on, I would probably tell him to shove off and I would leave that store, never to return. Markets World lets me try the jacket on before buying it and although this should be the standard in the Binary Options industry, unfortunately most brokers don’t offer this feature.

 

 

MarketsWorld Full Review – Show Me Your Cards

After spending quite a long time on their website, I have mixed feelings about Markets World. First of all, they advertise quite aggressively the fact that they are regulated and licensed. Hmm… that’s a first so let’s look deeper into that: they are regulated all right, but by a regulatory authority that I never heard before: the Isle of Man GSC. After a little “investigation” I found out what GSC stands for: Gambling Supervision Commission. So they admit they are a gambling institution but although my first reaction as a customer would be to close the site and start looking for a broker, not a gambling agency, on second thought maybe the GSC regulation is better than no regulation at all. After all, if I can’t withdraw money from a non-regulated broker, what are my options, what can I do about it other than complain on forums? Nothing! The money is gone forever. I’m not saying that complaining to the GSC would do you any good in case of a problem but at least it’s a legal authority and you have a fighting chance.

 

Ok, let’s talk a bit about their platform: according to Markets World, it’s a custom platform built by them but to be honest it doesn’t really live up to the industry standard. I had to move closer to the monitor to actually see the price graph and there’s nothing wrong with my eyes but the charts are too small and the platform looks cheap to me. Once I place a trade a 14 second countdown starts and once that gets to zero, my trade is placed. I don’t see the meaning of this countdown since during that time I cannot cancel my trade; and even if I could, why does it have to be that long? However, once I click on the trade, they inform me about the strike price and that exact price appears in my “Active trades” list so I really don’t understand what the countdown really does. Another mystery is why I have to wait up to three minutes after an option expires to find out if it’s ITM or OTM. Can we move a bit faster?

 

It seems like they are quite different from all the other brokers, with some good things and some bad things but what I really don’t get is their “Articles” section at the bottom of the page. This is the point where they totally lost me: they have articles about cars…Bugatti Veyron, Aston Martin, Pagani Zonda and an article titled “Vomiting Larry” which talks about some virus that produces projectile vomiting…I am sorry but there’s only one way of expressing my opinion about this: WTF?!!?   

 

 

Is MarketsWorld a Scam?

I don’t know because I am still laughing and trying to wrap my head around that vomiting Larry article. The relation between Binary Options and projectile vomiting still eludes me but maybe I will find an explanation until I finish my review. Ok, on a more serious note, I have no clear indication that Markets World is a scam. I never saw a Binary broker regulated by a Gambling commission so that’s a first for me and I’m not sure what this regulation really means, but I wouldn’t take the chance of depositing real money with a firm licensed by a Gambling authority. The minimum deposit is just $20 and this can be looked at in two ways: you could think that they are not going to bother to scam you for 20 bucks but on the other hand, it might be a clever trick because if somebody gets scammed, they won’t take legal action for such a low amount. So…it’s a gamble. Would you gamble your money?

 

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Markets World Complaints

Overall we couldn’t find any worrying complaints about Markets World; in fact most of the people out there said good things about them but the opinions are mixed and there are some guys that complain about price manipulation. However, no clear evidence of that could be discovered by us.

 

Markets World Bonus

They have a 100% bonus on your first deposit, only up to $300. To withdraw the bonus amount you will have to trade 20 times the bonus received. I would normally say that 100% is too much and that will make it difficult for me to withdraw it but since the volume needed is just 20 times the bonus amount (most other brokers confine me to a 30 time volume) and because it is limited to $300, I will say it’s acceptable.

 

Markets World Withdrawal

The withdrawal request is processed within one day and it will take 3-7 business days until the money will reach your account. The minimum amount is $20, the lowest in the business. If you want to withdraw via wire transfer, they offer one free withdrawal per month and for any additional wire transfers made during the same month you will have to pay a $50 fee. Identification documents are only required “once you’ve withdrawn thousands of dollars in total” according to their customer support representative.

 

Markets World Extras

The free Demo account is by far an Extra. There are no strings attached, no questions asked. I am sorry that I have to consider a Demo account an Extra feature because it should really be common. But until more brokers offer it, it will remain an Extra and a good one I might add.

 

 

 Markets World Ratings

User Friendly 11/20

Their website is only offered in English so it’s really not user friendly for a guy that doesn’t speak the language. The trading charts are too small and there are some delays that I don’t understand but I certainly don’t consider those friendly at all.

 

Number of assets and expiry times 9/20

Here Markets World really need some improving as they only offer 3 commodities, 8 currency pairs, 5 indices and no stocks. The expiry times range between 5, 10 minutes, half an hour and end of day. Unfortunately they don’t have any other type of option except HIGHER/LOWER, a fact that limits the trader quite a lot.

 

 Commissions, Support and Effective return 13/20

There are no commissions or fees for deposit or withdrawal except the 50 dollars charged if you want to make more than one monthly wire transfer withdrawal. The payout is an amazing 95% but to be honest I only saw that in their pictures and I couldn’t find it on any asset available to trade; they offer no OTM refund. The support is quite helpful and polite but at times they seemed too eager to finish the conversation.

 

Deposit, Payment and Bonus 16/20

Minimum deposit is $20 which I consider excellent, the entire amount available in your trading account can be withdrawn to the credit card that you used for deposit and although the bonus is 100% (up to $300) which we would normally consider too high, the wager is just 20 times the bonus amount.

 

Website Extras 15/20

The Demo account rocks and I would give them a full 20/20 rating for the Extras…but the projectile vomiting article is an Extra too and unfortunately that takes away some points as I still can’t find the relation between vomiting and Binaries.

 

 

MarketsWorld Overall Ratings: 64/100

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22 Responses to “MarketsWorld”

  1. Kasper says:

    Do not trust Markets World. I had an account with them. Yes, they payout pretty fast but they manipulate entry and expiration prices so that you cannot win. I am out $3k on a several trades that I clearly should have won. I contacted the Isle of Man GSC and they are a complete joke. They never respond to my emails and every time I call, they say they do not have the authority to force the company to do anything (fix wagers or enforce payouts). They only said they can force them to comply with the T&C. I proved that they did not. So what does MW do, they changed their T&C and the Isle of Man GSC said they did nothing wrong. This company is a complete joke.

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    • warren says:

      Marketsworld does to many weird things, that give me red flags, with high finances weird is not good

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    • Luciano says:

      Yes..yes..yes!!…Finally a confirmation about my issue with Marketsworld!.It is TRUE..they manipulate entry and exits..I have kept a close eye on my trading DEMO..and I have been very frustrated by some binary trickery by these geniuses..Clearly, just one pip I know I have earned my money..but the countdown seems to happen just..JUST!!..at the very point where I should earn my predicted amount…and I lost it all!!..And the other thing is, that when I place my money at a given point on the graph..that point will not come up as my choice..Hmmm…I just know there’s something fishy!..Still on the DEMO run..but finding some things very suspicious!..It seems like they control the pips?

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      • Dave J says:

        I don’t understand the reason why they would manipulate AGAINST you in the demo account. They apparently are stupid, since they should manipulate FOR you until you give them some $$, then stick it to you.

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    • Lucky7 says:

      Im trading with them at the moment. I love the new expiry times! did not have any problems with withdrawals too

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  2. Daniel says:

    I have an account with them since a few months and well, I had lost and I had won but overall I’m happy with the company. They pay on time and their customer support is extremely good. The platform doesn’t look very professional but it works well. On the other hand, I don’t see why so much annoyance about the “gambling regulation,” we binary options GAMERS (this has never been trading, let’s face it) should at least be happy about some kind of regulation or not? and the GSC of the Isle of Man is indeed serious, it’s officially recognized by the brittish authorities and in any case I prefer this rather than any cypriot government body “regulating” binary options.

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  3. Mickey Childress says:

    In June MarketsWorld took down most of their options including short term trades. When I questioned this online via chat the response was developers are updating the system. I had been using their demo account doing fiarly well, attaining a 70-80% win percentage. As I become ready to deposit all of this disappears? I am very leery now of what will happen now since they expected changes to take 4-6 weeks. Sounds a little devious to me, but then I am skeptical of all of them.

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  4. Stevie says:

    Been trading with MW now for 6 weeks, so far so good, their platform was shaky last week but I contacted them and they resolved my o/s positions with no issue. My withdrawals have gone through everytime so cant say bad things about them especially now I a averaging 80%, apart from they need more expiries and assets!

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  5. Chin says:

    great support and fast payments… no issues found with them atm :)
    been traiding 2 months with demo account, deposited 20 and cashout 300. Received within 4 days!

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  6. vish says:

    Marketsworld is a spam. I initially deposited 300 AUD from with I made 700 AUD in one day . Surprisingly I was winning every single bet before it changed suddenly that every bet I would loose in FX trading by 1 or 2 points in 5th decimal. So far I have lost 700 AUD of my own. This would happen just before 10 seconds of the end time. When I ask them what is the source of their data , they cannot answer me with precise answer and said they have several sources. Infact I doubt that they are controlling the rates on their own and for each registered customer account with real money. Its been 4 weeks since I have requested a withdrawal but they will keep stalling saying they are processing my identification documents. Hopefully I will get what is left in my account very soon.

    Strongly avoid this website as it is a scam and there is no real FX rates on this website. Try comparing with other live data feed and you will be amazed to find massive difference in the quotes that Marketsworld provide.

    Again don’t get fool by their flashy website. Good luck

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  7. vish says:

    Sorry I meant “SCAM”not “SPAM”

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  8. RPS says:

    marketsworld demo account is great. open a real account and watch your money go. been trading with them for over a year. both demo and real account. make bank on the demo! real not so good. entries lag chart will stick? at expiry you will lose runs 3 to 5 points from any other chart. like freecharts ect takes a while to confirm in or out of money. seem to miss a lot of trades by a VERY small margin. NOT the best platform. the house wins!

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  9. BinaryGal says:

    I’ll take a British regulated company over Cyprus or unregulated any day of the week. i can’t find a fault with marketsworld except maybe their assets are light and I want them to introduce 60 seconds they say “coming soon”. But I have been winning on their 5 minutes options. Their payouts are way higher than say 24optoin or any other I have previously used. I live in the States so I had used 24 until they stopped taking US customers. I am definitely up on Marketsworld since I started using them. They alway pay me out on time, no questoins asked, and no annoying sales calls. They have never called me once. Most professional and trustworthy BO broker there is. Wish I’d found them sooner :))

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  10. Ivor D says:

    Been trading with MW now for 6 months now, so far so good, their platform was shaky at the start but I contacted them and they resolved my positions with no issue. My withdrawals have gone through everytime within 2 days so cant say bad things about them especially now I a averaging 80% but they need more expiries and assets!

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  11. Walter Boyes says:

    I tried them out with one of their demo accounts for a month before I decided to commit any real money to them, just to make sure that I wasn’t wasting my hard earned cash on a broker that “sucks”. Turns out that after extensive testing, I can confirm that they don’t! Like Ivor says above, they could do with more pairs and expiry times, but on the whole I’m happy with everything so far.

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  12. nedelka says:

    hi,i with marketsworld.com trading more then 6 months i earning month 1500 ,2000 eur monthly i no have no one problem with a trading to payment i love it really

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  13. kevin says:

    I been trading with their demo account for awhile now since 2012. They say their add 60Second Expiry soon like this month but its 2014 they still say the samething. I can’t wait for it to try out IM.Revolutionary Binary Strategy 3.0 Plan. Imrevolutionary.com

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  14. Anthony says:

    Yes, Yesterday the platform was down for 2 hours, just when my trade $50-00 was 300 pips above my put option and 18 seconds to go the platform went offline and the chat line stated, the technicians are working on it!!!!
    Once it was back on line I found my trade had lost by 100 pips!!!!!
    Impossible!!! to move 400 pips in 18 seconds!!!!
    My $50-00 trade should have been a $86-00 Win!!!!
    They often go off line stating waiting for updates!!!!
    I have lost quite a few trades due to down times I told Chat line that they Manipulate the trades which they deny!!!!
    I can prove this happened.

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  15. rich says:

    Hello there I have a demo account with them and I think its ok! But this is the first place I ever opened an account so I don’t really know what to look for!

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  16. Dreigo says:

    I’m reading comments and I feel weary surprised. I’m trading in MW about a year from now, and I have no complains about them. The trade execution if fast and accurate, most accurate of all platforms I traded on (about 10). Never had any bugs or noised price speculations. They have changed few times asset open close times, that was a little uncomfortable, and limited maximum investments form 1000 to 200 “in times of low volatility”. Sometimes they throw error, if you place a trade larger then 50$ in fast price spike. But in other way, MW is the best I have found.

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  17. alimansur harahap says:

    I have been trading with Marketsworld since Jan.2014 and still trading when Iam writing this experiences.
    1. The strike price was not as I expected(very often lower/higher) and very often failed in process. 2.The expiry price was very often very different from indicating prices at time expiry(lower/higher against our target which caused loss- 1,2,3 figure lower or higher) 3.I agree with Mr.Luciano, that it is strongly believed that they controlled the movement of the pips as very often only a few second 1,2,3 second of the expiry time suddenly the price moved up/down sharply against direction and just that back to the previous direction as it was. It means avoiding the winning expiry price.
    4. Waiting for data moment when trading is going on and error data occurred very often especially when our position/prices well and save, but when data appeared again we would be surprised to find it very different flying up/down against the direction running and the result “the money gone with the wind “.

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  18. Rogue Trader says:

    I have traded at marketsworld, and from my time using this broker, I can tell you that they will manipulate the expiry times, cause data errors to occur during peak trading times, and then turn around and make everything normal to look like they have turned legitimate.

    Yeah, withdrawals are great but guess what? You won’t have any money to withdrawal but the scraps you have left. I honestly believe that sometimes they cause the platform to work just so some traders have a good experience and others loose.

    If you would like to keep your money don’t trade with this broker ok.

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